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Small businesses say they’re having a good summer as Americans travel closer to home

NEW YORK — Small business owners in U.S. tourist destinations say they're seeing more Americans sticking closer to home this summer, trading overseas travel for road trips, choosing daylong sojourns over extended beach stays, and cooking instead of eating out while on vacation to save money. The reported boost to domestic tourism, though anecdotal, comes as higher airfares and gasoline prices have made vacations more expensive. The FIFA World Cup soccer tournament and celebrations of the nation's 250th birthday have given some U.S. residents additional incentives to create summer ...

World shares are mixed and US futures fall after a tech-led rally on Wall St

BANGKOK — World shares were mixed Friday and U.S. futures declined as optimism over the U.S.-Iran deal to end their war was dimmed by the postponement of high-stakes talks on reopening negotiations over Iran's nuclear program and getting oil moving through the Strait of Hormuz. U.S. markets will be closed Friday for Juneteenth. Planned talks in Switzerland between Iran and the United States over their efforts to reach a permanent end to war were delayed, while Israel's military said its forces struck targets throughout southern Lebanon overnight as Hezbollah reported intense ...

Stocks rise on Wall Street, erasing much of their loss from a day earlier

NEW YORK — Stocks rose on Wall Street Thursday and erased most of their losses from a day earlier to notch weekly gains. The market's reversal was powered by sharp gains for big technology companies. The decline on Wednesday was driven by anticipation that the Federal Reserve will likely raise interest rates this year in an effort to fight inflation. On Thursday, stocks faced less pressure as bond yields eased and oil prices spent most of the day falling. The S&P 500 rose 80.48 points, or 1.1%, to 7,500.58. The Dow Jones Industrial Average rose 72.15 points, or 0.1%, to ...

US stocks drift ahead of the Fed’s announcement on interest rates

NEW YORK — The U.S. stock market is drifting Wednesday as Wall Street waits to hear from the Federal Reserve in the afternoon about where it sees interest rates going. The S&P 500 rose 0.1%, coming off a mixed day where falling tech stocks weighed on the index. The Dow Jones Industrial ...

US tells states to deal with unemployment fraud — or face penalties

The U.S. Department of Labor told states Wednesday to take immediate action to combat fraud, waste and abuse in their unemployment insurance programs — and that they could have administrative funds withheld if they don't comply. The letters, which went to the governors of every state, are the latest in a series of actions from President Donald Trump's administration focused on fraud, waste and abuse in state-run programs that include federal funding. Like with most of the other similar announcements, the administration focused on issues in states where Democrats control the ...